iShares MSCI South Korea ETF (NYSEARCA:EWY) Shares Gap Down – Here’s Why

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $183.52, but opened at $170.31. iShares MSCI South Korea ETF shares last traded at $169.79, with a volume of 5,794,862 shares.

iShares MSCI South Korea ETF Stock Performance

The stock has a market capitalization of $20.35 billion, a P/E ratio of 10.35 and a beta of 1.46. The business has a 50-day moving average price of $192.22 and a 200 day moving average price of $149.71.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC bought a new stake in iShares MSCI South Korea ETF during the 2nd quarter valued at about $35,000. Allied Private Wealth LLC bought a new position in iShares MSCI South Korea ETF in the 2nd quarter valued at approximately $38,000. Prestige Wealth Management Group LLC purchased a new position in shares of iShares MSCI South Korea ETF in the first quarter worth $25,000. Viewpoint Capital Management LLC raised its stake in shares of iShares MSCI South Korea ETF by 20,000.0% in the first quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. Finally, Archer Investment Corp bought a new position in shares of iShares MSCI South Korea ETF during the first quarter valued at $25,000. 49.22% of the stock is owned by institutional investors.

About iShares MSCI South Korea ETF

iShares MSCI South Korea Capped ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea 25/50 Index (the Index). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.